Shareholders of Ardent Leisure have overwhelmingly backed a proposal to sell the struggling theme park operator’s US entertainment business, Main Event, to NASDAQ-listed restaurant and entertainment business Dave & Busters for $1.1 billion.
The vote means Ardent Leisure will exit the US entertainment market to focus on its remaining Australian businesses: Gold Coast theme parks Dreamworld and WhiteWater World and the SkyPoint Observation Deck at the top of the Q1 skyscraper at Surfers Paradise.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
